Category: Retail News
Peloton aims to rebrand as a fitness company for all with focus on app, tiered subscription pricing
Peloton has long been considered an in-home bike company for fitness junkies, but the company is working to change that by making its app accessible t [...]
Lowe’s cuts full-year sales forecast, as spending on do-it-yourself projects weakens
Lowe's beat first-quarter expectations but lowered its full-year sales outlook. [...]
Walmart will offer pet telehealth in latest bid to compete with Amazon
Walmart has partnered with pet telehealth provider Pawp to offer the service free to its Walmart+ members for a year to make the membership more valua [...]
Kurt Cobain’s smashed Fender guitar sells for almost $600,000
Kurt Cobain's smashed Fender Stratocaster guitar sold at auction for $595,900 on Saturday, more than 10 times its original estimate. [...]
Mediterranean restaurant chain Cava files for IPO as revenue climbs
The Mediterranean restaurant chain Cava plans to trade on the New York Stock Exchange using the ticker "CAVA." [...]
Adidas will sell existing Yeezy items, donate some revenues
Adidas ended its partnership with Ye, formerly known as Kanye West, after he made a string of hateful and antisemitic remarks. [...]
Here’s why Jim Cramer is sticking with Foot Locker despite terrible quarter and big stock drop
When starting a position in Foot Locker in March, we knew the company would not be fixed quickly. But we still believe it can be fixed. [...]
Five takeaways about the consumer from Walmart, other retailers after a big week of earnings
Walmart, Home Depot and Target offered up the latest clues about the health of the American consumer — and previewed what could be ahead for the econo [...]
Cramer didn’t expect Foot Locker’s results to be this bad — but turnarounds take time
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Foot Locker shares drop 25% after big earnings miss, lower guidance
Foot Locker shares plunged 25% in premarket trading Friday after the company missed earnings expectations and cut its guidance. [...]